Using the Volume Profile Indicator to Find Support and Resistance in TVS Motor Stock
The volume profile indicator is a technical analysis tool that can be used to identify support and resistance levels. In this article, we will use the volume profile indicator to analyze the TVS Motor stock on the daily chart. We will identify the high volume nodes on the volume...
Banknifty after a gap up opening came of selling initially and closed 80 points lower on the daily close. There is a bearish engulfing candle and market is taking support from 45600 levels.
On the hourly chart, market remained in a 200 points range in the second half of the trading session.
The market has formed resistances on the highs and are near by the...
Nifty has traded inside a 100 points range and closed almost flat. A red candle has been formed after a gap up opening.
On the hourly charts, market traded below the 20 ema. Today it remained in a range and made difficult for the option buyers.
A constant rejection from 19700 level was faced by the buyer and market was unable to cross and sustain above it.
On...
Seeing Banknifty in no trading zone for at least a week.
- The pink line represents a bullish breakout.
- The orange line represents a bearish breakdown.
Strangle/Straddle Hedging will be more beneficial right now.
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction...
Nifty Spot Actionable Idea
#Current Price- 19672
#Resistance- 19703
#Support- 19647
#Target 19751 And 19797 we can expect after a break of Resistance
#Target 19602 And 19559 we can expect after a break of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or...
Bank Nifty Actionable Idea
#Current Price- 45923
#Resistance- 45991
#Support- 45847
#Target 46094 And 46195 we can expect after a break of Resistance
#Target 45757 And 45667 we can expect after a break of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or...
Nifty Finance Spot Actionable Idea (Weekly Expiry)
#Current Price- 20502
#Resistance- 20523
#Support- 20474
#Target 20565 And 20604 we can expect after break of Resistance
#Target 20422 And 20392 we can expect after a break of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below...
The Share is showing good support plus break out supported by Volumes.
+It has managed to stay above the breakout levels for the last 4 weeks.
+ Industry in all is in uptrend
+Good Volumes in last few months
Ripple XRPUSDT Trade idea and support and resistance zone.
XRPUSDT is trading at 0.6836
XRPUSDT Support
Support Zone 1 - 0.5626
Support Zone 2 - 0.4800
XRPUSDT Resistance
Resistance Zone 1 - 0.7900
Resistance Zone 2 - 0.8293
One can start accumulating 30- 40% at Support 1 and rest at below levels.
Currently Ethereum is trading at $1850.
The current ETHUSDT support zone is at $1830.
The current ETHUSDT resistance zone is at $1930
Bitcoin is trading around $29000. If BTCUSDT price fall then we have to look below support zones for Ethereum.
